New car registrations surged 9.3% to 2,476,435 units in 2014, the fourth highest year on record . Registrations in December rose 8.7%, the 34th consecutive month of growth, according to the SMMT. The 2014 performance was only bettered in 2002, 2003 and 2004 as buyers continued to flock to showrooms, attracted by cheap finance and strong PCP schemes. The UK ...
Read More »2014 Dealer Car Finance Sales
Dealers continue to grow their share of the finance sector in 2014, according to analysis of the 2014 data from the Finance & Leasing Association. New cars sold on dealer finance rose 13% in 2014 reach a record 897,593, the FLA said. The percentage of private new cars sales financed through dealerships by FLA members reached a new high of ...
Read More »Motor Trader 2015 Top 50 Movers & Shakers
This year’s Motor Trader Top 50 Movers & Shakers sees 10 industry leaders join the rankings which features 25 dealer group bosses and 15 carmaker CEOs. Dealer group bosses entering the ranking this year include Fraser Cohen (Glyn Hopkin), Graeme Potts (Eden Motor Group), Richard Hemming (Renault Retail Group), Steve Hood (TrustFord) and Darren Edwards (Sytner). While carmaker debuts include ...
Read More »Warranty Direct 4×4 Reliability Survey
The Honda HR-V sold between 1999 and 2006 emerged as the most reliable 4×4 in a survey carried out by Warranty Direct. Warranty Direct analysed its 50,000 live policies, using the Company’s Reliability Index to measure overall reliability by combining rate of failure, average mileage, age and repair cost. Honda’s HR-V performed significantly better than other SUVs, with only one ...
Read More »2014 Motor Trader Top 50 Independent Dealers
The 2014 Motor Trader Top 50 Independent Dealers throws into sharp relief a sector dominated by the large car supermarkets with Motorpoint and Carcraft taking on an increasingly national presence. Heading up this year’s increasingly polarised Motor Trader Top 50, for the first time since 2010, is West London’s Car Giant with turnover up over £91.3m to £396m. Its achievements ...
Read More »2014 Castrol Professional Car Servicing & Repair Trend Tracker
Honda has achieved the highest servicing customer retention levels of any dealer network in the UK. A total of 38% of all Honda owners surveyed for the 2014 Castrol Professional Car Servicing & Repair Trend Tracker report took their car back to a Honda franchised dealer for its most recent routine service. This score is lower than last year, when ...
Read More »2014 Motor Trader Top 200 Dealer Survey
The 2014 Motor Trader Top 200 survey sees dealers taking advantage of buoyant new car and used car markets The combined pre-tax profit for the MT Top 200 dealers surged 29% to £722m on turnover up 12% to £52bn. The return on sales for the 2014 MT Top 200 averaged 1.3%, a marked improvement on the performance in the 2013 ...
Read More »2013 Dealer Car Finance Sales
The number of new cars bought on dealer finance grew 20% to 797,648 vehicles in 2013, according to figures from the Finance & Leasing Association. The number of used cars on dealer finance rose 16% to 915,340 units, the highest figure for 14 years...
Read More »2013 New Car Registrations
New car registrations in 2013 rose 10.8% to 2,264,737 units, according to SMMT figures. The market was driven by retail sales which surged 15.6% to 1.07m while fleet sales rose 5.7% to 1.02m....
Read More »2013 Motor Trader Top 50 Independent Car Dealers
The Top 50 Independent Car Dealers in the UK are now generating a combined turnover of £2.1bn. Derby-based Motorpoint is the number one independent in the UK with turnover of £367m in the year to March 2013, generating unit sales of 28,200...
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